Home Buying: Pre-Owned v. New v. Custom

<p>Today on Financial Clarity for Doctors, Corey and Rachelle discuss different ways of purchasing a home.  With housing inventory still being low in many places, it can be helpful to explore all your options.</p> <p>Types of Homes to Consider:</p> <ul><li>Homes for sale by another owner (pre-owned homes). <ul><li>Can include single family homes, but also condominiums or townhomes.</li> <li>This is the fastest way to get into a home generally, but the home is what it is.</li> <li>Can potentially negotiate on price and other items.</li> </ul> </li> <li>New construction homes that have already been built or are in the process of being built. <ul><li>This will be a brand new home, and you may even get to pick some of the finishes if the build is not complete.</li> <li>Much less negotiation with a new home.</li> </ul> </li> <li>Custom homes <ul><li>This can be more expensive, slower, and more challenging to finance, but will be the closest to exactly what you want.</li> </ul> </li> </ul> <p> </p> <p>You may be limited a bit by your timeframe, but if you have the time, it is well worth it to explore all options available to you.</p> <p>For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: <a href='https://www.linkedin.com/in/coreyjanoff/'>@CoreyJanoff</a> and<a href='https://www.linkedin.com/in/rachellevanderzanden/'> @RachelleVanderzanden</a>; Instagram:<a href='https://www.instagram.com/coreyjanoff/'> @CoreyJanoff</a> and <a href='https://www.instagram.com/vanderzandenrachelle/'>@VanderzandenRachelle</a>; and Twitter: <a href='https://twitter.com/coreyjanoffcfp'>@CoreyJanoffCFP</a> and<a href='https://twitter.com/rachellefinance'> @RachelleFinance </a></p> <p>Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.</p>